For over a year, the Fed has barked at us that the labor market is "out of balance." There's more to the story. We do lack balance across the entire…
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Today is an incredibly good day. Unemployment is back down to its 50-year low. Consumer price inflation is cooling with more relief on the way…
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We are living the first job-full recovery in twenty years. Consumers are buying more, even after adjusting for high inflation. Families who have never…
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It's a privilege to write here. I value everyone who subscribes, especially those who add thoughtful comments, send me encouraging notes, and of course…
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Macroeconomics is waking up and not a moment too soon. Olivier Blanchard, a prominent macroeconomist, has started an important conversation about the…
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Today is a big day for me. I deleted my Twitter account.
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The Sahm rule is a widely followed indicator of recessions. It's gotten a lot of attention from experts who use it to argue we're not in recession and…
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A long overdue sea change in economic policy is underway. It started gaining momentum in the Great Recession, and since the Covid crisis began, it's…
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Stay-At-Home Macro